secwatch.observer — SEC 8-K summary
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Issuer:     CHEETAH NET SUPPLY CHAIN SERVICE INC. (CTNT)
CIK:        0001951667
Form:       8-K
Filed at:   2025-05-05T23:59:59+00:00
Accession:  0001104659-25-044583
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cheetah Net discontinues parallel-import vehicle business; Q1 2025 net loss $753,909
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- Board approved discontinuation of parallel-import vehicle business on March 5, 2025; now focused on logistics and warehousing.
- Continuing ops Q1 revenue $479,799 (87% from TWEW); gross profit $56,256; net loss $753,909 vs loss $608,930 year ago.
- Cash $0.3M, loan receivables $9.1M; current assets $10.2M vs current liabilities $0.9M.
- Stockholders' equity $11.9M (down from $12.6M at Dec 2024); management expects liquidity sufficient for 12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1951667/000110465925044583/0001104659-25-044583-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1951667/000110465925044583/tm2514041d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-044583

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